If you do the maths for let’s say 40 000 bpd x 60 Us$ Give or take price cycles is $2,400 000 per day 20 percent to Cvn $480k. Per day Don’t know what the flow rates are going to be and if the find more oil which is leaning more towards the upside,so even if all the oil is half of that ,the income generation is worth the wait and the gas well that’s a bonus.Many things can change ,Santos might farm out as well and a few more wells poking around after our drill campaign this year might tip the balance to an all in for everyone ,once you prove up the reserves which we are doing then potential is massive and if I personally have to wait that long to have a good slice of the pie then so be it. Traders will buy and sell ,manipulate stock price to suit their purpose ,credit raise and the list goes on but in the long term the big picture of what you have and what I have is one company on the ASX that is sought after ,will be sought after, and hopefully Cvn can stand the test of time and the challenges in front of it .The resource sure sounds like it will,who ever owns it and hopefully it’s us imho just a thought.(Numbers above are just guessed to give an example ) thanks
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If you do the maths for let’s say 40 000 bpd x 60 Us$ Give or...
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